Thai Fiscal Policy Office forecasts 2.8% GDP growth this year

11 Sept 01:43 Key points summarised by AI

Thailand's economy is projected to grow by 2.8% this year, a notable increase from 1.8% last year.
This improved outlook is primarily driven by a strong recovery in tourism, anticipating 33.5 million foreign arrivals, and a rebound in exports, forecasted to grow by 4.2%.
Inflation is expected to remain low at 1%, with stable crude oil prices contributing to economic stability.
For long-term sustainable development, the government is advised to prioritize infrastructure, digital economy investments, skills development for workers, and fiscal stability.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Yesterday 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.